Iberdrola SA (IBE) Given Average Rating of “Hold” by Brokerages

Shares of Iberdrola SA (BME:IBE) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is €7.20 ($8.57).

Several research firms have recently weighed in on IBE. Berenberg Bank set a €6.80 ($8.10) target price on Iberdrola and gave the company a “neutral” rating in a research report on Friday. Deutsche Bank set a €7.80 ($9.29) target price on Iberdrola and gave the company a “buy” rating in a research report on Wednesday, December 6th. JPMorgan Chase & Co. set a €7.00 ($8.33) target price on Iberdrola and gave the company a “neutral” rating in a research report on Tuesday, November 7th. UBS Group set a €6.40 ($7.62) target price on Iberdrola and gave the company a “neutral” rating in a research report on Tuesday, November 7th. Finally, Morgan Stanley set a €8.00 ($9.52) price objective on Iberdrola and gave the company a “buy” rating in a report on Monday, October 16th.

Iberdrola (BME:IBE) opened at €6.50 ($7.74) on Friday. The firm has a market capitalization of $41,090.00 and a P/E ratio of 14.13. Iberdrola has a 12-month low of €5.76 ($6.86) and a 12-month high of €7.30 ($8.69).

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Iberdrola Company Profile

IBERDROLA, SA is engaged in carrying out electricity and gas activities in Spain and abroad. The Company’s segments include Network business, Deregulated business, Renewable business and Other businesses. The Company’s Network business segment includes all the energy transmission and distribution activities, and any other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.

Analyst Recommendations for Iberdrola (BME:IBE)

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